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Concrete Reinforcing Fiber Market Future Forecast Indicates Impressive Growth Rate

by Waquas · May 29, 2019


The global concrete reinforcing fiber market size was estimated at USD 2.05 billion in 2017 and is expected to register a CAGR of 5.8% from 2018 to 2025. Increasing public investment in infrastructure construction coupled with growing demand for off-site construction is expected to drive the market at a steady pace. Rising population coupled with rapid urbanization and industrialization driven by the increase construction spending is likely to boost the global construction industry. This, in turn Authentic Minnesota Wild Jerseys , is projected to drive the demand for reinforced concrete in various construction applications, thereby driving the market.


Residential and commercial construction industry in U.S. has witnessed a significant growth since 2016 due to the increasing remodeling and renovation activities. Increased construction of single homes is likely to emerge as one of the primary factors fueling the demand for fiber reinforced concrete, thereby driving the market growth.




Off-site construction has registered high demand due to superior strength and cost efficiency as compared to traditional on-site construction. Moreover Minnesota Wild Jerseys For Sale , it offers benefits, such as shorter build times, controlled build environment Cheap Minnesota Wild Jerseys , and low labor cost. Rise in off-site construction activities is expected to result in increasing use of fiber in concrete, which is anticipated to further drive the market.


Polypropylene (PP) and Polyethylene (PE) are the key raw materials used for manufacturing the product meant for various construction applications. These raw materials are derived from crude oil; therefore, fluctuations in crude oil prices are likely to affect raw material prices Tyler Ennis Wild Jersey , thereby impacting the overall cost of fiber reinforced concrete and hampering industry growth.


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